Using A Gold Chart To Help Guide Investments

As far as gold prices are concerned, this year’s course has been a good lesson for all of us. Novice investors have every right to be disappointed while professional slaves to the gold chart are sincerely wondering whether technical analysis is to be blindly trusted or merely a clue for the direction a manipulation-free market should be taking.

5 year gold chart****

You need no special knowledge to realize the simple truth coming from reading a five year gold price chart: with the price of gold falling to appealing levels for a long term investment it would be unwise not to take advantage of the opportunities that arise and ensure the best price for your purchases in gold bullion bars and coins. Long-term price and volume charts are easy to assess and evaluate, making up an indispensable tool for a gold investment.****

You can find technical analysis articles together with price charts in many sites with coininvest.com being no exception. Using this data can give you a more responsible approach to the market as you have a picture of where the market has been and a placid idea of where it may be heading. You may be reluctant to trouble yourselves with something you know little about, but price charts and technical analysis articles are really easy to comprehend as they are addressing private investors instead of experts.

In gold charts you will find the answers to fundamental questions that lay the foundation for any good investment; a large number of gold savers use consistent technical analysis as their only tool for market prognosis and are quite happy with their returns.

1 year gold chart

There are more than 200 technical analysis indicators, but three indicators are as solid and predictable as the sunrise and sunset: price, volume and moving averages.****

These three indicators, widely captured in gold charts, comprise the basis of a long term prognosis and set the facts for a technical analysis any informed investor should learn to understand and depend on. Indicating short term support and resistance price levels has helped responsible investors cut their losses, or even make a profit, investing in gold in mid-summer when technical analysis was giving obvious buying signals.****

By September, central banks, China and Russia in particularly, gold trading funds, and individual investors around the world were convinced that gold remained the most powerful trading vehicle and the ultimate protection against monetary, economic, or geopolitical crises. ****

3 month gold chart

However precise and dependable, technical analysis does not measure market manipulation, speculative psychology, emotion and short term tendencies. Reading a 3 month gold chart and ignoring all others would definitely lead you nowhere as the factors that had an overwhelming effect on spot gold prices the last quarter of the year will not stand in the long term. Such prices come in direct contrast with gold fundamentals and long term technical analysis shows that recovery is expected sooner than faithful investors are hoping. ****